Market Overview:
The global air cooled turbo generators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electricity and rising investments in power infrastructure across the globe. Air cooled turbo generators are used in various applications such as steam turbines, hydro turbines, gas turbines, and others. Among these applications, the gas turbine segment is expected to witness highest growth during the forecast period owing to increasing demand for electricity from industrial and commercial sectors. Geographically, North America is estimated to hold a major share of the global air cooled turbo generators market in 2018 followed by Europe and Asia Pacific region. The growth in North America can be attributed to rising investments in power infrastructure coupled with growing demand for electricity from industrial and commercial sectors.
Product Definition:
Air cooled turbo generators are a type of electric generator that uses a turbine to convert mechanical energy into electrical energy. The turbine is driven by pressurized air that is produced by the combustion of fuel. Air cooled turbo generators are important because they can produce large amounts of electricity with relatively small footprints, making them ideal for use in remote or rugged locations.
Synchronous Air Cooled Turbo Generators:
SATG is a type of gas turbine, which is used to generate electricity. It works on the basis of moving air across the blades creating a vacuum which causes turbines to rotate and produce power. The product has been gaining popularity in countries such as China, India, etc., owing to its ability to provide continuous power supply at low cost with high efficiency.
Asynchronous Air Cooled Turbo Generators:
Asynchronous air-cooled turbo generators are used in the production of electricity by using the waste heat from a turbine. The product is manufactured with an aim to reduce carbon dioxide emission and other pollutants that contribute to global warming. It is considered as one of the most effective methods for power generation owing to its ability to produce low-cost electricity, less pollution, and higher efficiency.
Application Insights:
The demand for air cooled turbo generators is expected to witness significant growth on account of their application in various industries such as oil & gas, power generation, cement and mining. The steam turbine segment accounted for the largest market share in 2017 owing to the growing demand from industrial applications.
Air-cooled turbines are used as a reliable alternative to water-cooled turbines due to their ability deliver maximum power with minimum maintenance costs over the long term. Furthermore, they also consume less space which makes them highly suitable for urban areas or remote locations where land is scarce or expensive.
Gas turbine segment is projected register highest CAGR during the forecast period owing to its clean combustion characteristics and ability provide large amount of energy with low maintenance cost over its life span which makes it ideal choice for utility scale projects.
Regional Analysis:
Asia Pacific is expected to be the fastest growing market for air cooled turbo generators with a CAGR of XX% from 2018 to 2030 owing to increasing demand for electricity in emerging economies, such as China and India. In addition, rising investments in new power generation projects are anticipated to drive the market growth over the forecast period. For instance, according to IEEFA, between 2016 and 2022 there were around 600 GW worth of power capacity under construction or planned in China out of which about 50% was gas based while 40% was coal based.
Europe accounted for a significant share of revenue share in 2017 on account of large scale deployment across countries such as Germany and U.K.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government initiatives and policies to promote renewable energy sources
- Technological advancements in air cooled turbo generators that improve performance and efficiency
- Rising concerns over climate change and its impact on the environment
- Growing demand for backup power systems in case of power outages
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Cooled Turbo Generators Market Research Report
By Type
Synchronous Air Cooled Turbo Generators, Asynchronous Air Cooled Turbo Generators
By Application
Steam Turbines, Hydro Turbines, Gas Turbines, Others
By Companies
Siemens AG, Toshiba, Mitsubishi Hitachi Power Systems, Power Machines, Brush Group, Fuji Electric, GE Power, Ansaldo Energia, ANDRITZ Group, Beijing BEIZHONG Steam Turbine Generator, WEG, Harbin Electric International Company Limited, MC-monitoring SA, Shanghai Electric Group, Ansaldo Energia
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Air Cooled Turbo Generators Market Report Segments:
The global Air Cooled Turbo Generators market is segmented on the basis of:
Types
Synchronous Air Cooled Turbo Generators, Asynchronous Air Cooled Turbo Generators
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Steam Turbines, Hydro Turbines, Gas Turbines, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens AG
- Toshiba
- Mitsubishi Hitachi Power Systems
- Power Machines
- Brush Group
- Fuji Electric
- GE Power
- Ansaldo Energia
- ANDRITZ Group
- Beijing BEIZHONG Steam Turbine Generator
- WEG
- Harbin Electric International Company Limited
- MC-monitoring SA
- Shanghai Electric Group
- Ansaldo Energia
Highlights of The Air Cooled Turbo Generators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Synchronous Air Cooled Turbo Generators
- Asynchronous Air Cooled Turbo Generators
- By Application:
- Steam Turbines
- Hydro Turbines
- Gas Turbines
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Cooled Turbo Generators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Air cooled turbo generators are a type of generator that uses air to cool the blades of the turbine. This allows for faster speeds and increased efficiency.
Some of the major players in the air cooled turbo generators market are Siemens AG, Toshiba, Mitsubishi Hitachi Power Systems, Power Machines, Brush Group, Fuji Electric, GE Power, Ansaldo Energia, ANDRITZ Group, Beijing BEIZHONG Steam Turbine Generator, WEG, Harbin Electric International Company Limited, MC-monitoring SA, Shanghai Electric Group, Ansaldo Energia.
The air cooled turbo generators market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Air Cooled Turbo Generators Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Air Cooled Turbo Generators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Air Cooled Turbo Generators Market - Supply Chain
4.5. Global Air Cooled Turbo Generators Market Forecast
4.5.1. Air Cooled Turbo Generators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Air Cooled Turbo Generators Market Size (000 Units) and Y-o-Y Growth
4.5.3. Air Cooled Turbo Generators Market Absolute $ Opportunity
5. Global Air Cooled Turbo Generators Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Air Cooled Turbo Generators Market Size and Volume Forecast by Type
5.3.1. Synchronous Air Cooled Turbo Generators
5.3.2. Asynchronous Air Cooled Turbo Generators
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Air Cooled Turbo Generators Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Air Cooled Turbo Generators Market Size and Volume Forecast by Application
6.3.1. Steam Turbines
6.3.2. Hydro Turbines
6.3.3. Gas Turbines
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Air Cooled Turbo Generators Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Air Cooled Turbo Generators Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Air Cooled Turbo Generators Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Air Cooled Turbo Generators Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Air Cooled Turbo Generators Demand Share Forecast, 2019-2026
9. North America Air Cooled Turbo Generators Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Air Cooled Turbo Generators Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Air Cooled Turbo Generators Market Size and Volume Forecast by Application
9.4.1. Steam Turbines
9.4.2. Hydro Turbines
9.4.3. Gas Turbines
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Air Cooled Turbo Generators Market Size and Volume Forecast by Type
9.7.1. Synchronous Air Cooled Turbo Generators
9.7.2. Asynchronous Air Cooled Turbo Generators
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Air Cooled Turbo Generators Demand Share Forecast, 2019-2026
10. Latin America Air Cooled Turbo Generators Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Air Cooled Turbo Generators Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Air Cooled Turbo Generators Market Size and Volume Forecast by Application
10.4.1. Steam Turbines
10.4.2. Hydro Turbines
10.4.3. Gas Turbines
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Air Cooled Turbo Generators Market Size and Volume Forecast by Type
10.7.1. Synchronous Air Cooled Turbo Generators
10.7.2. Asynchronous Air Cooled Turbo Generators
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Air Cooled Turbo Generators Demand Share Forecast, 2019-2026
11. Europe Air Cooled Turbo Generators Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Air Cooled Turbo Generators Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Air Cooled Turbo Generators Market Size and Volume Forecast by Application
11.4.1. Steam Turbines
11.4.2. Hydro Turbines
11.4.3. Gas Turbines
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Air Cooled Turbo Generators Market Size and Volume Forecast by Type
11.7.1. Synchronous Air Cooled Turbo Generators
11.7.2. Asynchronous Air Cooled Turbo Generators
11.8. Basis Poit Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Air Cooled Turbo Generators Demand Share, 2019-2026
12. Asia Pacific Air Cooled Turbo Generators Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Air Cooled Turbo Generators Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Air Cooled Turbo Generators Market Size and Volume Forecast by Application
12.4.1. Steam Turbines
12.4.2. Hydro Turbines
12.4.3. Gas Turbines
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Air Cooled Turbo Generators Market Size and Volume Forecast by Type
12.7.1. Synchronous Air Cooled Turbo Generators
12.7.2. Asynchronous Air Cooled Turbo Generators
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Air Cooled Turbo Generators Demand Share, 2019-2026
13. Middle East & Africa Air Cooled Turbo Generators Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Air Cooled Turbo Generators Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Air Cooled Turbo Generators Market Size and Volume Forecast by Application
13.4.1. Steam Turbines
13.4.2. Hydro Turbines
13.4.3. Gas Turbines
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Air Cooled Turbo Generators Market Size and Volume Forecast by Type
13.7.1. Synchronous Air Cooled Turbo Generators
13.7.2. Asynchronous Air Cooled Turbo Generators
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Air Cooled Turbo Generators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Air Cooled Turbo Generators Market: Market Share Analysis
14.2. Air Cooled Turbo Generators Distributors and Customers
14.3. Air Cooled Turbo Generators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Siemens AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Toshiba
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mitsubishi Hitachi Power Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Power Machines
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Brush Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fuji Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GE Power
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ansaldo Energia
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ANDRITZ Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Beijing BEIZHONG Steam Turbine Generator
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. WEG
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Harbin Electric International Company Limited
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. MC-monitoring SA
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shanghai Electric Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Ansaldo Energia
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
